Offers / $20,000 First Home Owners Grant

$20,000 First Home Buyers Grant

On July 1 2017, the Regional First Home Buyers Grant is increasing from $10,000 to $20,000 for newly built homes under $750,000. First Home Buyers receive $20,000 for newly built homes under $750,000 in regional Victoria. In additional there is stamp duty savings on all properties up to $600,000 during the same period. These means you can save even more when buying your first newly built home at Mandalay.

There’s also stamp duty savings applicable to all first home buyers on all properties up to $600,000 from the same period.

These changes mean that you can save even more when buying your newly built first home at Mandalay.

The $20,000 First Home Owners Grant is not means tested but you must meet certain eligibility requirements

  • The price of the property must not exceed $750,000.
  • You need to enter into a building contract on or after 1st July 2017.
  • You or your partner must not have previosuly purchased a home in Australia.
  • One of the applicants must be a permanent Australian resident
  • You must live in the home for a period of 12 months.

For more information or to check your eligibilty requirement click here 
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